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Yunfeng Financial Group Limited ( (HK:0376) ) just unveiled an announcement.
Yunfeng Financial Group Limited announced a strategic move involving the placing of existing shares and a top-up subscription of new shares under a general mandate. The Vendor has agreed to sell shares at HK$6.10 each, representing a discount and premium compared to recent trading prices. This transaction is expected to raise approximately HK$1.15 billion in net proceeds, which the company intends to use for strategic purposes. The completion of these transactions is contingent upon certain conditions being met, and if not fulfilled within 14 days, the agreement will become void.
The most recent analyst rating on (HK:0376) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Yunfeng Financial Group Limited stock, see the HK:0376 Stock Forecast page.
More about Yunfeng Financial Group Limited
Yunfeng Financial Group Limited is a financial services company incorporated in Hong Kong, focusing on providing a range of financial products and services. The company operates within the financial industry and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: 489.42%
Average Trading Volume: 45,687,813
Technical Sentiment Signal: Buy
Current Market Cap: HK$23.71B
For an in-depth examination of 0376 stock, go to TipRanks’ Overview page.